Erik Parnoja

Portfolio Manager at Sprucegrove Investment Management Ltd.

Erik Parnoja

Erik Parnoja

Portfolio Manager at Sprucegrove Investment Management Ltd.

Biography

Mr. Karl E. Parnoja, CFA MBA, is a Portfolio Manager at Sprucegrove Investment Management Ltd. Mr. Parnoja was previously employed as a Pilot by Canadian Regional Airlines Ltd. He received his undergraduate degree from McMaster University and an MBA from Rotman School of Management.

Overview
RelSci Relationships

40

Number of Boards

1

Relationships
RelSci Relationships are individuals Erik Parnoja likely has professional access to. A relationship does not necessarily indicate a personal connection.

President & Chief Executive Officer at Yonge Street Mission

Relationship likelihood: Strong

Partner at Dentons

Relationship likelihood: Strong

Chair, Board of Directors at Yonge Street Mission

Relationship likelihood: Strong

Vice Chair & Chair of Board Development, Board of Directors at Yonge Street Mission

Relationship likelihood: Strong

Member, Board of Directors at Yonge Street Mission

Relationship likelihood: Strong

Member, Board of Directors at Yonge Street Mission

Relationship likelihood: Strong

Member, Board of Directors at Yonge Street Mission

Relationship likelihood: Strong

Former Vice Chair, Board of Directors at Yonge Street Mission

Relationship likelihood: Strong

Treasurer, Board of Directors at Yonge Street Mission

Relationship likelihood: Strong

Managing Director & Head of Research at Sprucegrove Investment Management Ltd.

Relationship likelihood: Strong

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Erik Parnoja
Portfolio Manager at Sprucegrove Investment Management Ltd.
Education
Class of 1995

The Joseph L. Rotman School of Management commonly known as Rotman School of Management, or just Rotman, is the University of Toronto's graduate business school, located in St. George Street in Downtown Toronto. The school, named after Joseph L. Rotman, was established in 1950 as Institute of Business Administration though the University of Toronto has been offering undergraduate courses in management since 1902.

Class of 1983

McMaster University is a public research university located in Hamilton, Ontario, Canada. The main campus is located on 121 hectares (300 acres) of land near the residential neighbourhoods of Ainslie Wood and Westdale, adjacent to Hamilton's Royal Botanical Gardens. McMaster was controlled by the Baptist Convention of Ontario and Quebec until it became a privately chartered, publicly funded non-denominational institution in 1957. The university is co-educational, and has over 25,000 undergraduate and over 4,000 post-graduate students

Career History
Portfolio Manager
2008 - Current

Sprucegrove Investment Management manages value-oriented international (EAFE), global and US equity investment mandates for institutional clients. The firm emphasizes long-term investments and focuses on the selection of individual securities using a bottom-up, research driven process. Country and sector exposures are a residual of this stock-selection process. Sprucegrove seeks to invest in quality companies that are selling at attractive valuations. The companies in which they invest must meet specific requirements related to historic financial performance, financial position, quality of management and growth potential in terms of sales, earnings and share price. The firm addresses portfolio risk through diversification guidelines regarding region, country, sector and individual company weightings, which are relative to a benchmark index. Sprucegrove's region guidelines establish the minimum number of countries within each region. A security may be sold if there is an adverse change in fundamentals or if a stock price is rises to a level well in excess of intrinsic value.

Pilot
1987 - 1993

Canadian Regional Airlines Ltd. is a Canadian private company. The firm provides air transportation service.

Boards & Committees
Member, Board of Directors
Current

Since opening the doors in 1896, The Yonge Street Mission has always been there, helping people from every walk of life to rise out of poverty. Yonge Street Mission (YSM) has faithfully served the people of Toronto with compassion and dignity, helping those in need to turn their lives around. The Yonge Street Mission have grown with our city, and adapted to its changing needs.

Non-Profit Donations & Grants

Learn how non-profit organizations benefit from RelSci
$1,000 +
2011

Camp Oochigeas operates as a non-profit organization. It engages in the provision of year-round programs for children and families affected by childhood cancer. It also offers outreach programs in hospitals and communities. The company was founded by Mary P. Armstrong, Doug Biggar, Jeanne Gallagher, Peter Miller, and Judy Tripp in 1983 and is headquartered in Toronto, Canada.

$10K +
2009
$10K +
2008
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